What’s in Djerriwarrh Investments Limited After Reaching 52-Week Low?

November 21, 2016November 21, 2016Richard Conner

The stock of Djerriwarrh Investments Limited (ASX:DJW) hit a new 52-week low and has $3.35 target or 5.00% below today’s $3.53 share price. The 6 months bearish chart indicates high risk for the $771.62 million company. The 1-year low was reported on Nov, 21 by Barchart.com. If the $3.35 price target is reached, the company will be worth $38.58 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The stock closed at $3.53 during the last session. It is up 18.06% since April 21, 2016 and is uptrending. It has outperformed by 14.20% the S&P500.

More notable recent Djerriwarrh Investments Limited (ASX:DJW) news were published by: Fool.com.Au which released: “Why you should consider buying a Listed Investment Company” on September 24, 2015, also Fool.com.Au with their article: “Beat the market with these 5 ‘lazy investor’ stocks” published on July 09, 2015, Smh.com.Au published: “Beware the end-of-year share buyback” on June 25, 2012. More interesting news about Djerriwarrh Investments Limited (ASX:DJW) were released by: Fool.com.Au and their article: “Want to know where to start your share portfolio?” published on May 13, 2015 as well as Fool.com.Au‘s news article titled: “10 listed investment companies with yields of 6% or more” with publication date: October 11, 2016.

Djerriwarrh Investments Limited is a closed end investment company. The company has a market cap of $771.62 million. The Firm is engaged in investing in Australian equities with a focus on stocks where there is an active options market. It has a 18.95 P/E ratio. The Company’s investment objective is to provide attractive total returns including capital growth over the medium to long term, and to pay an enhanced level of dividends.